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Hotel prices to rise this fall, following airfares: TripAdvisor survey

Jul 30, 2012 4:55 am

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It is a survey of intent, and could change depending on macro conditions. But in all, cost of travel is going up in U.S., unless you’re on your way to Greece.

— Rafat Ali

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Free Report: The Megatrends Defining Travel in 2015

If you thought airfares hikes over the last weeks was going to be it, think again. According to a worldwide survey by Tripadvisor, U.S. hoteliers expect pricier rates for travelers ahead of the fall travel season. Nearly half expect rates to go up higher this year compared to the same time last year, while only 16 percent expect comparatively lower rates.

The U.S. ranks fourth in the world for hotels with the best business outlook, while Greece ranks last, which is to be expected.

Some other interesting numbers:
Room Rate Rankings: Who’s Increasing/Decreasing Rates ahead of Fall
Top 5 for Lower Rates:
1. Greece – 58%
2. Spain – 43%
3. Italy – 37%
4. Australia – 32%
5. New Zealand – 29%

Top 5 for Higher Rates:
1. U.S. – 47%
2. Brazil – 42%
3. Russia – 42%
4. Indonesia – 37%
5. Turkey – 35%

Full report from Tripadvisor, embedded below.

TRIPADVISOR INDUSTRY INDEX MID-YEAR REPORT

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